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What are administrative policies in international trade?

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Sonal Bahl
Sonal BahlLv10
1 Apr 2021
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Related questions

Explain how international and regional trade is governed, and evaluate the efficiency of international trade under different economic policies. What are the main differences between The World Trade Organization (WTO) and regional free trade agreements (FTA)? Which is the more efficient approach to managing international trade? Why?

1. When a government legislates policies to reduce or block international trade it is engaging in ___________________.

a. trade pessimism

b. protectionism

c. trade diversion

Free international trade enables all nations to gain from specialization and trade. To what degree can the United States save jobs, compensate for low foreign wages, compensation for costly environmental policies and protect developing nations from being exploited by restricting international trade? Use examples to illustrate a position.

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